A controllable and reversible transition between parametric and Raman oscillations in an ultrahigh-Q silica toroidal microcavity is experimentally demonstrated and theoretically analyzed. By direct change of cavity loading and indirect adjustment of frequency detuning, parametric and/or Raman oscillation can be accessed selectively without modification of cavity geometry in a toroidal microcavity with a large enough aspect ratio. Based on an effective cavity gain theory, this transition is analyzed in terms of cavity loading and frequency detuning leading to a better understanding of the combined effects of parametric and Raman processes in silica microcavities. (C) 2005 American Institute of Physics.